Brief: Ambow Education Receives Bid For Company's Assets In China

Ambow Education Holding

20/09/2022 11:43

Sept 20 (Reuters) - Ambow Education Holding Ltd  AMBO.A :
    * AMBOW EDUCATION RECEIVES BID FOR COMPANY'S ASSETS IN CHINA
    * AMBOW EDUCATION LTD - RECEIVED PRELIMINARY NON-BINDING
PROPOSAL
LETTER FROM CLOVER WEALTH LIMITED TO ACQUIRE ALL OF COMPANY'S
BUSINESS ASSETS IN CHINA
    * AMBOW EDUCATION HOLDING LTD - PURCHASE PRICE FOR TARGET IS
APPROXIMATELY $10 MILLION.
    * AMBOW EDUCATION HOLDING LTD - KJ TAN, AMBOW'S CHIEF
FINANCIAL
OFFICER, HAS RESIGNED, EFFECTIVE SEPTEMBER 19, 2022
    * AMBOW EDUCATION HOLDING LTD - JIN HUANG WILL SERVE AS
ACTING CFO
UNTIL A REPLACEMENT IS APPOINTED

Source text for Eikon:  ID:nPn3vjnh6a 
Further company coverage:  AMBO.A 

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